Federal Oil, Gas Auctions Fetch $1.1 Billion in 2018, Nearly Triple Previous Record

The U.S. Bureau of Land Management state offices generated more than $1.1 billion of revenue from oil and gas lease sales during 2018, nearly thrice the previous record of $408 million set a decade ago, according to a Feb. 6 press release. The agency’s New Mexico office held 2018’s biggest lease sale in September, earning a record-breaking $972 million, which is more than all the sales in 2017 combined.

• The agency held 28 oil and gas auctions in 2018, leasing a total of 1,412 parcels, covering almost 1.5 million acres.
• The revenue generated in 2018, the highest grossing year on record, is almost equal to the agency’s budget for Fiscal Year 2018.
• The agency said that 48 percent of the revenue – nearly $500 million – has gone back to states.
• In 2019, the agency is scheduled to hold 28 oil and gas lease sales.

Environmental Groups Ask FERC to Revoke Mountain Valley Gas Pipeline Permit, Citing Repeated Violations
June 24, 2019

Massachusetts Regulator Looks to Improve Consumer Protection Following Retail Supplier Complaints
June 24, 2019

Denmark-Based Orsted Wins 1.1-Gigawatt Offshore Wind Solicitation in New Jersey
June 24, 2019

New York Flags Four Energy Marketers Over Violations
June 21, 2019

Minnesota Agencies Delay Permits for Enbridge’s $2.9 Billion Oil Pipeline, Await Revised Environmental Review
June 21, 2019

Maine Passes Bill to Jumpstart Distributed Solar, Boost Community Projects
June 21, 2019

New York Legislature Passes Sweeping Climate Plan, Aiming for Net-Zero Emissions by 2050
June 20, 2019

EPA Finalizes Rollback of Obama-Era Power Plant Emission Rules
June 19, 2019